The mission of the Community is to widen and deepen economic, political, social and cultural integration in order to improve the quality of life of the people of East Africa through increased competitiveness, value added production, trade and investments.
Why was the East African Community formed in 1967?
The East African Community (EAC) was established in 1967 as a result of a treaty between Kenya, Tanzania and Uganda, and was a typical example of a sub-regional organisation whose members were connected through the history of British colonialism and had ex- perienced integration solutions in the colonial times.
What is the purpose of the East African Community Treaty?
The accord established the East African Community whereby all participating nations agreed to establish more cooperative commercial and political relations for their cumulative 133 million citizens. The treaty went into effect on July 7, 2000.
When was East African Community formed?
The Treaty for the Establishment of the East African Community was signed in Arusha on 30 November 1999. The Treaty entered into force on 7 July 2000 following the conclusion of the process of its ratification and deposit of the Instruments of Ratification with the Secretary-General by all the three Partner States.
Who was the formed of East Africa Community?
Its headquarters are in Arusha, Tanzania. The first EAC, which succeeded the East African Common Services Organization on December 1, 1967, was established by the Treaty for East African Co-operation, signed in June 1967 by the presidents of Kenya, Tanzania, and Uganda.
When did Rwanda and Burundi join East African Community?
18 June 2007: The Republic of Rwanda and the Republic of Burundi accede to EAC Treaty. 1 July 2007: Rwanda and Burundi become full members of the EAC.
How does Rwanda benefit from EAC?
For Rwanda, the benefits of membership in the EAC are many. … The cooperation of member states in the development of transportation infrastructure, energy and other crucial sectors will benefit the Rwanda economy by improving our competitiveness in international trade.
Which Commission recommended the formation of East African Community?
30 November 1993: 1st Summit of East African Heads of State sign Agreement establishing the Permanent Tripartite Commission for East African Co-operation in Kampala, Uganda.
How does Tanzania benefit from East African Community?
Tanzania has improved port efficiency, reduced the cost of transit trade and increased the export of manufactured goods to its neighbours in the EAC. … Multiple non-tariff barriers further undermine regional trade, investment and service integration with Tanzania and Kenya the main offenders.
What is the history of East Africa?
Recorded history of East Africa began during the 15th century, when Vasco da Gama arrived in Mombasa in 1498. His ultimate purpose was to facilitate trade with India and the East by sea, rather than by the alternative routes that were being dominated by the Turks and Venice.
What are the challenges of East African Community?
Constraints and challenges of the EAC Agriculture sector
- Poor Governance.
- Inadequate legal and regulatory framework.
- Inadequate access to productive resources.
- Inadequate participation of local communities.
- Poor physical infrastructure and utilities.
- Weak institutional framework.
- Low public expenditure.
Why did South Sudan join the East African Community?
Thus, joining a common currency could reduce the exchange rate risk and improve the investment climate for South Sudan to develop its non-oil economy and therefore diversifying its economy overall. South Sudan’s admission to the EAC is likely to result in an increase in trade between South Sudan and the Member States.
What is East Africa known for?
Historically, East Africa was known for the extensive trade networks that penetrated the region and linked together people of various backgrounds, reaching deep into the interior of Central Africa and eastward across ocean as far as India.
Why did the East African Community fail?
In June 1977 member countries failed to agree on the General Fund Services bud- get; Kenya refused to commit any funds to finance the 1977/78 budget and announced its withdrawal. After the failure to keep afloat the General Fund Services, the EAC ceased to operate in July 1977.
Why East Africa look different?
East Africa is one part of Africa that had close contacts with the Arabs, the Indians and the Chinese. But most of the biological/physical difference they have from other Africans is due to historical intermarriages with Indians and Arabians.